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No one knows apparently Tesla founder Elon Musk once asked Apple Inc to buy his firm at 10 times the current price.
The revelation was uploaded in the tweet space by Twitter account owner @wintonARK who summed up Apple's plans to launch iCar in 2024.
Musk explained that Apple CEO Tim Cook refused to accept the offer.
In 2017 and 2018, Tesla faced problems with the automatic production system at a battery factory in Reno, Nevada causing difficulties in increasing production of the Model 3 sedan.
Unexpectedly, Tesla finally managed to rise from the moment of difficulty and became one of the most valuable firms, subsequently succeeding in joining the S&P 500.
However, Tesla shares were down 6.5% during the participation following Apple's iCar news.
Understood, the idea of iCar started in 2014 with a focus on new battery design that can reduce battery costs and increase transportation life.
The use of a monocell in the design, according to Musk in the same tweet string is impossible because the maximum voltage that can be reached is only ~ 100x which is too low.
So far Apple and Tesla have not commented on the issue.
